Common use of Reference Bank Rate Clause in Contracts

Reference Bank Rate. If no Screen Rate is available for: (i) Dollars; or (ii) the Interest Period of the Loan or any part of the Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable LIBOR shall be the Reference Bank Rate as of on or about noon on the Quotation Date and for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 3 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Reference Bank Rate. If no Screen Rate is available for LIBOR for: (i) Dollars; or (ii) the Interest Period of the Loan or any part of the a Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable LIBOR shall be the Reference Bank Rate as of on or about noon 11:00 a.m. (London time) on the Quotation Date Day for Dollars and for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 2 contracts

Sources: Bpifae Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)

Reference Bank Rate. If no Screen Rate is available for LIBOR for: (i) Dollars; or (ii) the an Interest Period of the Loan or any part of the Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable LIBOR shall be the Reference Bank Rate as of on or about noon 11 a.m. (London time) on the Quotation Date and for a period equal in length to the that Interest Period of the Loan or that part of the LoanPeriod.

Appears in 1 contract

Sources: Bareboat Charter (DryShips Inc.)

Reference Bank Rate. If no Screen Rate is available for LIBOR for: (i) Dollarsthe currency of a Loan; or (ii) the Interest Period of the Loan or any part of the a Loan and it is not possible to calculate the Interpolated Screen Rate, the applicable LIBOR shall be the Reference Bank Rate as of on or about noon on the Quotation Date Day (London time) for the currency of that Loan and for a period equal in length to the Interest Period of the Loan or that part of the Loan.

Appears in 1 contract

Sources: Facility Agreement (Diodes Inc /Del/)